09/23/2011 Trading Signals

SHORT-TERM MODEL SEES A DOWNTREND, HOLDING SHORT POSITION OVER THE WEEKEND

The bottom line, as mentioned in the close statement of today’s intraday comment, I don’t know why retailers are so bullish going into the weekend as ISEE Equities Only Index reading at 290 is very rare and extremely high, meaning bulls to bears ratio is 2.9:1. Since people keep asking why I think it’s retailers, so I also highlighted the description of the ISEE index from the official ISEE web site, should be clear why…

1

The long setup of the Cobra Impulse System wasn’t confirmed today but the system is still trying to buy the dip the next Monday. And also there’s a potential short setup for the next Monday too. See table below for more details.

2

Enjoy your weekend!

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=12%; SDS=10%; UPRO=18%;SPXU=15%
Non-Stop *09/23 S N/A *Closed long opened on 08/25, short position initiated.
Cobra Impulse     *Long if above 09/23 high and close in green Monday. Stop loss = 1.7*ATR(10)
*Short if below 09/23 low and close in red Monday. Stop loss = 2.0*ATR(10)
DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)
TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 09/23/2011 $25.44 100 $22.90 New strategy, half positioned for risk $500 max.
SSO 09/20/2011 $43.68 50 $39.31 09/20/2011 $44.06 19.00  
SSO 09/15/2011 $43.00 50 $38.27 09/15/2011 $43.53 26.50  
SSO 09/14/2011 $41.45 50 $39.31 09/22/2011 $38.09 -168.00  Gap down, manual stop loss used.
SSO 09/13/2011 $40.51 50 $35.65 09/13/2011 $40.88 18.50  
SDS 09/13/2011 $24.03 100 $21.39 09/22/2011 $26.25   222.00  
SDS 09/02/2011 $24.35 100 $21.43 09/13/2011 $23.48 3.00  
SDS 09/01/2011 $22.94 100 $19.96 09/01/2011 $23.01 7.00  
SSO 08/30/2011 $44.09 50 $38.69 09/12/2011 $38.69 -270.00 Gap down, manual stop loss used.
LAST   2935.00  
SUM   2793.00  
  • $500 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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